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Financial Planner and Advisor in Beaver, Cranberry and Wexford, PA

February 05, 2016

Tips to select the right financial advisor or financial planner

“Financial advisor” and “financial planner” are two of the many titles used by investment and financial professionals in the financial services industry in Beaver, Cranberry, Edgeworth, Leetsdale, McCandless, Moon and Wexford. Selecting the right financial advisor or financial planner, i.e., someone on whom you will trust with your investments is indispensable to your financial well-being. He advises clients on how to save, invest and grow their money. He performs a wide range of functions to help you deal with a particular financial objective, like- preparing yourself to buy a new residential property or give you an overall view of your money and the interplay of your various valuable assets including your property. There are a few financial planners who only specialize in retirement or estate planning while others seek advice only on a range of financial issues. Here, we at BenchMark have discussed about a few tips on how to narrow your search on finding the financial advisor or financial planner for your needs:

  1. Consider the financial planner's fees structure – Look for financial planner who obtains money based on commission instead of a flat and hourly rate could have an incentive to guide you in their right path.
  2. Consider easy accesses to experts- Look for a well-versed financial planner who has the skills required to deal in depth with all the problems affecting the financial issues of a person and is also able to demonstrate that he consults regularly with experts in a wide variety of fields.
  3. Look for a financial advisor who is a certified financial planner (CFP) – Look for that certified financial planner who takes mandatory classes on the different sides of financial planning.
  4. Read the code of ethics thoroughly that your financial planner follows- Look for the word “fiduciary” and language that requires planners to look after your best interests.

The key for selecting the best financial advisor or financial planner is to apprehend what he or she actually requires and then use those criteria to find the right fit.  Interested in learning more? For more information about our financial advisors and what all financial planners provide, please visit our website here